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SK Hynix said in a regulatory filing its fourth-quarter profit was 1.5 trillion won ($1.29 billion), the highest since the first quarter of 2015. The result topped the average forecast of 1.3 trillion won from a Thomson Reuters I/B/E/S survey of 27 analysts. The firm's stock traded at an almost 15-year high of 53,500 won following the announcement, mirroring gains seen by industry peers in recent months as soaring memory chip prices boost hopes for fatter margins and bigger profits. Industry consolidation and careful capacity management make a major increase in supply unlikely anytime soon, analysts say. Samsung Electronics on Tuesday reported record earnings from its chips division, and the firm's stock traded at a record high on Thursday. Micron Technology also in December gave stronger-than expected revenue and profit forecasts, while Toshiba Corp swung to a profit in the July-September quarter due to memory chip demand. "For DRAM, demand is strong for the first half overall and we are not able to fully meet that demand through our production capabilities," SK Hynix Vice President Sean Kim said. The firm would keep inventory levels tight, he added. The South Korean firm said shipments of DRAM chips, used widely in personal computers, rose 13 percent during the fourth quarter from the previous period, while the average price jumped 14 percent. Shipments of NAND chips, used for long-term data storage on electronics including smartphones, fell 3 percent while the average price also rose 14 percent. Revenue for the fourth quarter leapt 21 percent from a year earlier to a record 5.4 trillion won.


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